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  "documentTitle": "Credit Suisse | Investment Banking Pitch Book | 49 slides",
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  "notes": "Includes a table showing quarterly projections for permitted payments basket and adjusted net income from Q2 2017 to Q4 2020.",
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      "text": "Approximately $25mm minimum unrestricted cash assumed per Osprey management; excess cash used to pay down debt or distributed to stockholders",
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      "text": "Distributions to stockholders also subject to provisions in indenture of FSIC warrants",
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      "text": "Distributions subject to permitted payments basket, per indenture for Osprey high-yield senior unsecured notes",
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      "text": "Underlying number of warrants outstanding and weighted average exercise price of warrants subject to adjustment for other distributions",
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      "text": "Share repurchases subject to provision that stipulates beneficial owner of warrants cannot represent >25% ownership of Osprey shares outstanding (including warrants); Osprey management assumes $30mm and $50mm of share repurchases in 2017E and 2018E, respectively",
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      "text": "$0.02 quarterly dividends per share in Osprey management forecast",
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      "text": "Source: Osprey management as of September 2017. Note: 'N/A' denotes not applicable. (1) Includes dividends and share repurchases. (2) Based on Osprey senior unsecured notes ($380mm principal balance as of 6/30/17), per Osprey public filings and management.",
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      "text": "Preliminary Osprey standalone financial summary",
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      "text": "Cash flow assumptions per Osprey management as of September 2017",
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